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Range Resources Corp. has announced that first quarter 2020 production averaged approximately 2,294 Mmcfe per day.
This compares to 2,256 Mmcfe/d in Q1 2019.
Range continues to expect 2020 production to average approximately 2.3 Bcfe per day, including an expected exit rate of approximately 2.3 Bcfe per day.
Q1 Production:
| 1Q20 Production & Realized Pricing(a) | ||||||||||||||
| Natural Gas (Mcf) |
Oil (Bbl) | NGLs (Bbl) |
Natural Gas Equivalent (Mcfe) |
|||||||||||
| Net Production per day | 1,601,765 | 9,542 | 105,858 | 2,294,160 | ||||||||||
| Average NYMEX price | $1.95 | $47.11 | ||||||||||||
| Differential, including basis hedging | (0.12) | (6.10) | ||||||||||||
| Realized prices before NYMEX hedges | 1.83 | 41.01 | $14.87 | |||||||||||
| Settled NYMEX hedges | 0.45 | 11.19 | 1.04 | |||||||||||
| Average realized prices after hedges | $ 2.29 | $ 52.20 | $ 15.91 | $ 2.55 | ||||||||||
| Category | 2023 | 2024Est. Initial | Updated 2024 Guidance | %Difference (2023 vs 2024) |
| Total Capital Expenditure($mm) |
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| Frac / Completion Crew (s) |
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| Production Daily Equivalent(mmcfe/d) |
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